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at the end of the day. there was a news from the u.s. consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a 7% increase in spending and more money for a supplementary budget this year. germany, france, and britain want to limit increases to less than 3%. the negotiations will continue next week. >> more business news coming later in the show including economic and is from china and the once in a decade leadership change. the strongest european economy is beefing up their welfare state. parliament has approved a contentious new subsidy for stay at home parents. opposition parties have criticized this scheme as promoting outdated ideas about families in an age where it'
's second-largest economy. he'll look ahead to the coming years and talk about the challenges chinese face. the communist party congress runs for seven days, then hu and other top officials will hand power to another group of new leaders. we'll get back to the story a little later. >>> cradle of culture. economic powerhouse. many enjoy the fruits of prosperity along the path to a new china, but millions are missing out. at a time of growing public discontent, members of the communist party are choosing their new leaders. "newsline" correspondents will report from the party's national congress. don't miss our special coverage, "china: the next generation" starting thursday, november 8th at 8:00 p.m. japan time, here on "newsline." >>> china is the world's second biggest economy and party members were watching what happened in the first. ramin mellegard joins us from the business desk. we saw many americans celebrating the re-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really c
of china's central bank knows how connected the global economy is. he said it would have an impact well beyond the borders of the united states. >> translator: many drins are concerned about the possible effects of a fiscal cliff. the global economy faces a number of uncertainties which are making it hard to judge china's economic forecast for next year. >> some indicators are rebounding and the economy is stabilizing. >> the nikkei is down over 1% from thursday's close around 101 points. investors selling stocks. that's after the dow jones suffered more than 120 points. investors concerned about the u.s. fiscal cliff issue. let's switch to currency as well. let's have a look at the currency levels now. 79.50 to 51. euro 101.30. a possible delay in greece receiving financial aid. let's have a look at some of the regions indexes as well. sou south korea's kospi is trading down. toyota motor executives are boosting vehicles. it's said to become the production center. toyota president made the announcement in bangkok during the 50th anniversary ceremonies for the firm's thai unit. >> in th
the world's second-largest economy into the future. a complex and secretive political process will soon come to a conclusion. in a couple of hours, the communist party's new leaders will walk onto a stage in beijing and appear before the media. vice president xi jinping will likely be at the front of the line. he's expected to succeed president hu jintao as the party's general secretary. the party wrapped up its week-long national congress wednesday. the meeting is held every five years. delegates elected new members for the central committee. those members will meet thursday to choose the lineup for the party's political bureau and the core group of leaders who sit on the elite politburo committee. president hu, premier wen jiabao, and five members will retire. vice president show gin being and others are expected to remain and be joined by a new generation of leaders. analysts say xi will take over from hu as the president's general pear. president hu has held the position for tennessee years. >> translator: all party members should unite under the party leadership and with chinese charact
his first press conference after the election, and he would like to focus on the economy, but i think the majority of the journalists will just as more about petraeus and about general allen. the cia had eight directors in the past seven years, and it is bad for the cia, bad for the military, and bad for president obama. >> thanks for that. >> in germany, greenpeace is calling for a fresh start in the search for a long term dump for nuclear waste. >> the environmental group says a new commission should be set up to consider a range of possible sites with maximum input from the public. it says that after years of controversy, the government should give up on the old salt mine that has been the longest running candidate. >> research into weather this underground site is the right place to store nuclear waste started 35 years ago. the protests against it are just as old. greenpeace says it is time to change tack and that the search for a storage site for nuclear waste should start from scratch with greater involvement by ordinary people. >> a permanent storage site can only work if there
brings fresh job cuts, and frustration is growing. spain's economy is set to shrink by another 1.5% this year. there were similar scenes in several metro stations where hundreds of protesters face rows of officers. metro services have been largely suspended, and only 20% of long- distance trains are running. schools and many shops are also shut down. spain's general workers union says the nationwide stoppage is being observed by nearly all workers in the automobile, energy, shipbuilding, and construction industries. >> they are taking all our rights away -- all our rights. the banks and other business people are bringing us onto the streets. they are stealing our salaries. we do not have any rights anymore. >> hundreds of flights have been canceled across europe. in the portuguese capital, lisbon, many face long waits with nearly half of all flights canceled. >> we arrived at 9:00 in the morning, and we have to wait until 9:00 in the evening. public transport is not working, either, so we are stuck. it is a shame. >> access to ferry service has also been blocked. >> we are witnes
, butn monday, the prime minister had bad news r an economy already showing signs of strain. "this morning and, of the july- september qe was released. gdpas -3.5% on an annualized basis. >> japan is fighting on several fronts. exports have fallen drastically. exports to china a suffering d because of the consumer boycott started by the nationalization of an island chain claimed by both tokyo and bein the strong yen is making exports more expensive and many want intervention by the bank of japan. t economy moves further, japan will be back in a technical recession, defined as two consecutive quarters of reacon >> returning now to the top story, in your top finance ministers meeting in brussels to discussegree to bailouts. we're joined now with more from our brussels correspondent. ys it taking so long or eu finance ministers to agree on releasing the next tranche of funds f greece? >> the terms of the deal have to be renegotiated. the troika as recommended more time to take up paying off the debt of some of the more time ans more money. now there are intense discussions going on am
president may be unfazed by party politics, but keeping china's economy on track will put his integrity to the test when he takes over as president in march. >> to talk more about what is going on in china, i am joined by the asian analyst from the german council on foreign relations. what i think is interesting is the chinese president morning that if the party does not tackle corruption and get rid of corruption within the party that it threatens to bring down the party and the state. is that possible? >> good in town is better than anyone about the social problems of this country, and that is perhaps the biggest time bomb in china these days. corruption is one of the major reasons, pushing public criticism against corruption. he knows i've the party is not able to deal with this problem, it might sooner or later run into severe trouble. >> that is a message for everyone inside the party. everything is so opaque. there's no way for us to gauge how corrupt the system is, the party is there. basically, he is telling people -- get things in order behind closed doors or else the whole thi
were forced to leave beijing or placed under strict surveillance. the world's second biggest economy, china's international influence is continuing to grow. but there has been no change in the way it treats citizens who speak out. nhk world, beijing. >> one of the biggest critics weighed in, too. the dalai lama told about 130 japanese lawmakers they are wrong to fear at this bet an religious faith is promoting independence. they're urging china to stop violating rights in the region. >> in narrow minded communist officials they feel tibetan buddhist culture, buddhist faith some you see fear. that's a source of separate -- danger of separation. >> the dalai lama said tibetans are trying to preserve their culture. they're not threatening to become independent. a spokesperson for the chinese foreign ministry had little sympathy. >> translator: >> translator: the dalai lama is a political refugee aiming to defy the country in the guise of religious activity. >> hong said the government condemns japanese right wing forces that openly support the dalai lama's anti-china activities. he says
things that, you know, we want folks to do in order to thrive in a changing economy, you've got to do that by having relationships, by being embedded in stable communities. and in my opinion the really big issue is that when you look at mass incarceration, when you look at a lot of other social changes, when you look at family breakdown, i think that these are things that are kind of like an undertow that is shaping what we're seeing happening above the surface and i think the problem is that policy has a hard time dealing with some of these things. it can make a big difference on, for example we can throw fewer people in jail and destroy fewer communities and fewer lives that way. >> california just took steps to weaken their three strikes and you're out policy. that's a step in the right direction. >> and you also have folks on both sides of the political aisle who are making progress on that. >> but in terms of washington politics it looks to me as if all the blood, sweat and tears of this campaign, all those billions of dollars ended up with the status quo. the republican leadersh
defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenger, but once the result was clear, his first message to the american people was one of unity. >> it does n
port silted up, leaving the town's economy high and dry. pisa's three must-see sights -- the duomo, baptistery, and leaning bell tower -- are reminders of its long-ago sea-trading wealth. this dazzling ensemble floats regally on the best lawn in all of italy. this square -- the piazza del duomo -- was nicknamed the "campo dei miracoli," or field of miracles, for the grandness of the undertaking. the architectural style throughout is pisa's very own pisan romanesque. where traditional romanesque has a heavy, fortress feel, pisan romanesque is light and elegant. the buildings, with their tight rows of thin columns, geometric designs, and striped colored marble, give the campo a striking unity. the 200-foot-tall bell tower is famous because it leans about 15 feet. the tower started to lean almost immediately after construction began. various architects tried to correct the problem of the leaning by straightening up the top section. the tower tilted a little more each year, and was in danger of actually falling over. over the centuries, they tried every trick imaginable to stop the til
Search Results 0 to 11 of about 12